A loan of $850 helped a member to purchase condiments, such as tomatoes, onions, and eggplant.


Lolo Group's story

The group Lolo is mostly composed of polygamous women, who average 31 years of age and five children each, all living in Djelibougou, a district in Bamako. They know one another through community ties. The group members have small-scale businesses involving condiments: tomatoes, onions, shallots, cabbage, Maggi cube powder [bouillon cubes], and tomato paste. With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their first solidarity loan cycle. Ms. Habi (the woman standing second from the right in the photo) is famous for selling condiments (tomatoes, dried onions, eggplant,…. ) of all kinds. She intends to use her loan to purchase 10 baskets of tomatoes, 5 sacks of shallots, and 5 sacks of dried onions in Bamako. Retail sales are made to a mixed customer base in Djelibougou. With this loan, Ms. Hadi hopes to make an average monthly profit of 35,000 francs CFA that will be used for reinvesting in her business. Her goal is to purchase a residential plot of land through this relationship with Soro Yiriwaso.

In this group: Salimata , Habi , Kadidia , Aïssata
*not pictured

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Translated from French by Kiva volunteer Daniel Kuey



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